BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.005%

Price spread now: BingX against Binance−0.126%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1161.156% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.284%+$28 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.126%, 7d avg −0.010%

Together, before fees+0.305%+$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.116% cheaper against Binance than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BILLUSDT	0.01352	0.0210	pay 0.0105% / 4h	1h 51m	$2.3M	$3.5M	20x
Short	BingX BILL-USDT	0.01350	0.0212	get 0.0106% / 4h	1h 51m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BingXbpOrdersPrice spread, now −0.126%Rate

Funding earned: $0.45
Price spread: −0.126% → −0.010%: −$11.56
Slippage, 4 orders: −$95.59
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$126.7
Costs to cover: 1.156%
Break-even: 1962.2 days

Slippage from Binance: live order book, 15 min ago; BingX: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 15 min ago	7.41 bp	27.1 bp −$27	181.8 bp −$1,818	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	11.12 bp	26.2 bp −$26	93.2 bp −$932	947.5 bp −$94.8K	1280.3 bp −$640.1K

BILL on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BILLUSDT	+0.0100%	4h	0.01349	−0.209%	$2K	$4K	5x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01350	−0.126%	$1.0M	$2.3M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01349	−0.200%	$273K	$82K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01351	−0.052%	$612K	$732K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01353	+0.096%	$2K	$1.0M	20x	as long as short
Bybit BILLUSDT	+0.0102%	4h	0.01347	−0.348%	$1.3M	$910K	20x	as long as short
BloFin BILL-USDT	+0.0106%	4h	0.01349	−0.200%	$140K	$31K	20x	as long as short
Extended BILL-USD	+0.0208%	1h	0.01351	−0.067%	$1K	$213K	5x	as long as short
Binance BILLUSDTlong	+0.0210%	4h	0.01352	long leg	$2.3M	$3.5M	20x
BingX BILL-USDTshort	+0.0212%	4h	0.01350	−0.126%	—	$1.7M	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BILLUSDTM	+0.0214%	4h	0.01350	−0.104%	$432K	$263K	20x	as long as short
MEXC BILL_USDT	+0.0216%	4h	0.01351	−0.052%	$870K	$301K	50x	as long as short
Coinbase International BILL-PERP-INTX	+0.0728%	1h	0.01346	−0.415%	$46K	$96K	50x	as long as short
Backpack BILL_USDC_PERP	+0.0757%	1h	0.01350	−0.126%	$21K	$955	5x	as long as short
HTX BILL-USDT	+0.1057%	4h	0.01354	+0.170%	$19K	$29K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2272%	1h	0.01352	−0.008%	$105K	$16K	10x	as long as short